WhiteBIT Secures Derivatives Trading License in Georgia
- License Acquisition: WhiteBIT has secured a broker license from the National Bank of Georgia, enabling it to commence trading digital asset derivatives, including perpetual futures, marking a significant step in its expansion into regulated markets.
- Market Potential: Georgia ranks third in the Global Crypto Adoption Index by Chainalysis, indicating rapid growth in the cryptocurrency sector, and WhiteBIT's entry is expected to further accelerate this trend.
- Regulatory Support: The new license will provide Georgian traders with a compliant platform that ensures capital protection, while WhiteBIT aims to enhance its market competitiveness by offering derivatives and other financial instruments.
- Regional Innovation Hub: WhiteBIT's expansion will help solidify Georgia's position as a regional center for financial innovation, particularly supported by its favorable regulatory environment and low-cost electricity, attracting more crypto businesses.
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Technical Analysis for BANK
Technical Sentiment Analysis for Lorenzo Protocol (BANK). As of , Lorenzo Protocol (BANK) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 3 indicators are flashing buy, while 2 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BANK stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, BANK is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Lorenzo Protocol (BANK) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0217 | 0.0264 | 0.0314 | 0.0361 | 0.0411 | 0.0458 | 0.0508 |
| Fibonacci | 0.0264 | 0.0301 | 0.0324 | 0.0361 | 0.0398 | 0.0421 | 0.0458 |
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